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Our Bureau

Coimbatore, Feb. 5

Coromandel Fertilisers Ltd has said that as per the Scheme of Amalgamation of Godavari Fertilisers and Chemicals Ltd (GFCL) with Coromandel Fertilisers Ltd (CFL), shareholders of GFCL will be entitled for 3 equity shares of CFL for every 2 equity shares held by them in GFCL.

For ascertaining the eligibility of the shareholders of GFCL, who are to receive the equity shares of CFL, February 22 has been fixed as the record date.

Engineers India Ltd has received Central Government’s approval regarding formation of joint venture company with Tata Projects Ltd with authorised share capital of Rs 15 crore and paid-up capital of Rs 10 crore, based on equity participation of 50 per cent by each partner to take up EPC projects in oil and gas, fertiliser, power and infrastructure sector in India as well as abroad.

Global Broadcast News Ltd’s board of directors has approved raising up to Rs 600 crore through Qualified Institutional Placement.

Indian Oil Corporation Ltd has convened separate meetings of the equity shareholders, secured creditors and unsecured creditors of the company on February 22 for the purpose of considering and if thought fit, approving with or without modification(s), the proposed Scheme of Amalgamation between Bongaigaon Refinery & Petrochemicals (transferor company) and IOC (applicant / transferee company).

Kulkarni Power Tools Ltd has fixed February 21 as the record date for the purpose of sub-division/stock split of shares with face value of Rs 10 each into shares of Rs 5 each.

Prakash Industries Ltd has entered into a Memorandum of Understanding (MoU) with the Government of Chhattisgarh on February 1 to establish and operate a 600 MW Thermal Power Station with an investment of approximately Rs 2,400 crore.

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